tag:blogger.com,1999:blog-7334408760351487944.post7542444818451446157..comments2023-11-12T06:43:00.060-05:00Comments on Notes on Social Security Reform: What would FDR do to fix Social Security? Maybe not what many of today’s Democrats might think.Andrew G. Biggshttp://www.blogger.com/profile/16617460431856611873noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7334408760351487944.post-49040885546026865282011-07-21T16:15:59.680-04:002011-07-21T16:15:59.680-04:00I personally have no problem with the total phasin...I personally have no problem with the total phasing-out of social security, but with 1 important caveat.<br />Return all the money I've paid into it with interest. Interest being a nominal amount I could have received elsewhere. Better yet, let's go back over 30 years when another debate raged about S.S. when many self employed like myself wanted to exit the system and save for our own retirement and medical needs. I get angry when people want to take away something we didn't want to begin with.johnhttps://www.blogger.com/profile/06431567509508879405noreply@blogger.comtag:blogger.com,1999:blog-7334408760351487944.post-44214345316350510482011-05-16T13:33:07.573-04:002011-05-16T13:33:07.573-04:00There is one question that need to be asked, but i...There is one question that need to be asked, but it is never asked. Should Social Security be saved. I have asked many people this question and after a long pause get many different answers. Some immediately say yes, but when asked how, clam up.<br /><br />The article clearly shows FDR would not approve of the current SS-OASI program. Based on historical records, FDR wanted a fully funded program paid for by workers who would receive benefits. The belief was that workers who paid for and received the benefits would make it more difficult to dismantle the program.<br /><br />SS-OASI has morphed far from FDR's objective. We now have non working spouses receiving 50% of a working spouses benefit. We have early retirement age. Congress delayed the legislated increase in the SS-OASI tax of 2% to 6% between 1937 and 1949.<br /><br />Those who are now turning 62 this year failed to make their voice heard in 1983 when Social Security after running negative cash flows between 1970 and 1983 exhausted the OASI trust fund and borrowed $11 Billion from Medicare and SS-DI trust funds. The big fix of 1983 proposed by Greenspan Commission did not solve the problem that has plagued OASI since its inception, but simply covered up the black hole with a coating of paint waiting for the next generation to step on it anf all through.<br /><br />Those potential voters aged 46 and under out number boomers and seniors by a large majority. If you count people like me who are boomers, close to retirement who support repealing social security, the number who could potentially support repealing Social Security grows dramatically.<br /><br />It is not a question of saving or preserving social security for future generations. The hidden agenda like it was in 1950, 1957, 1976 and 1983 is how to fool the current workers into thinking that politicians care about their future. Politicians only care about being re-elected.<br /><br />It is time to JUST SAY NO TO SOCIAL SECURITY!<br /><br />HTTP://WWW.JUSTSAYNO.50MEGS.COMWilliamLarsenhttps://www.blogger.com/profile/00226403551284640494noreply@blogger.com